Nio said third-quarter deliveries improved 35 percent, but the company does not have adequate cash for “continuous operation in the next 12 months.” It said it was looking to obtain external financing.
Zac Efron suffered a serious illness while filming his upcoming Quibi series ‘Killing Zac Efron,’ but he appears to be doing just fine now.
The fight over dealer data heated up. Regulators eyed sweeping data-protection measures that would affect dealerships. Cars.com was not sold despite a review triggered by an activist investor. CDK moved to unload its digital marketing business and lost its hold on providing websites to General Motors dealerships.
It’s been quite a year.
In the spirit of year-end retrospectives, we’ve put the Top 10 retail technology stories of 2019 in the “In the news” section of this installment of the newsletter.
Although our Retail Technology newsletter only reaches back as far as April, Automotive News‘ coverage of the space existed well before Jan. 1, 2019, and, barring an apocalypse, will continue well past Jan. 1, 2020.
With the Retail Technology newsletter, we set out to create a concise place for readers to get unbiased, unvarnished information on how technology is changing the world of auto retailing. It’s a niche coverage area but an important one to the thousands of car dealers out there dealing with multiple vendors on a daily basis.
With rising prices of new vehicles pushing away more consumers, the used-vehicle market is hot. What will change next year?
Tornado damage in Missouri, a Tesla miscue, a suspended Corvette and production of the last Chevy Cruze.